What is vendor master data?

Question

Accepted Answer

Vendor master data is information about the vendors/suppliers of a company.

It includes details such as name, address, contact information, payment terms, and bank account information.
Vendor master data is used in procurement processes, accounts payable, and financial reporting.
It is important to maintain accurate and up-to-date vendor master data to ensure smooth business operations.
Examples of vendor master data include the name and address of a supplier, the terms of payment, and the bank account details for electronic payments.

Accepted Answer

Vendor master comprises all relevant information about goods and services. The vendor master data usually includes procurement history,contract record,inventory data,supply categories and other important information about vendor.

Accepted Answer

Vendor master data comprises all relevant information about goods and services sources.

Accepted Answer

Vendor master data comprises all relevant information about goods and services sources.

Accepted Answer

Vendor master data comprises all relevant information about goods and services sources. The vendor master data usually includes procurement history, contract records, inventory data, supply categories and other important information about vendors and suppliers.

What is vendor master data?

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